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Jim Long Pork Commentary – October 2, 2023
Jim Long Pork Commentary – October 2, 2023USDA September 1 Hogs and Pigs Report
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Random Observations in a Challenging Pork Industry — Jim Long
Jim Long Pork Commentary – September 25, 2023
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Random Observations on Pork Market
In the latest insights from the pork market, Jim Long reports that U.S. cash isoweans have hit a prolonged low, with prices standing at just $12 per head delivered for the past 20 weeks. This extended period of low prices has caused concern, as the breakeven point sits at approximately $40. However, Long predicts that by December, factors such as lower feed costs, reduced pig numbers, and rising lean hog futures will likely lead to isoweans reaching $60 or more.
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The State of Corn and Soybean Harvests in the US — Expert Commentary
The Gensus team has completed a road trip across several U.S. states, assessing the condition of the corn and soybean crops. Over the 2800 miles of the route, it was found that the harvests look very encouraging in most regions, with the exception of Missouri. According to experts, the USDA's estimate of over 13 billion bushels of corn production may be exaggerated, and this could lead to lower corn prices in the near future.
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